More New Jersey Colleges Pay Off Student Loan Arrears With COVID Funds

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More and more district colleges are cutting student debt in large numbers using federal support funding provided by coronavirus pandemic

The institution announced Thursday that for 540 qualified students at Camden County College, the spring, summer and fall 2020 tuition balances have been lowered to $ 0.

CCC was able to disburse $ 478,619 in the CARES Tertiary Emergency Assistance Program to make this move possible.

“We want to use all the resources available to us to benefit our students and remove any obstacles that might prevent them from continuing to pursue their academic goals,” said CCC President Donald Borden. “The ongoing pandemic has posed many challenges for all of us. This is one financial problem that we can help our students overcome to get their education back on track. “

The college has written off nearly $ 5 million in “qualified balances such as tuition fees, fees, and other expenses” for students enrolled in the past 16 months, according to an announcement Thursday by Mercer County Community College.

MCCC is preparing to write off even more student debt, worth about $ 6 million.

According to the MCCC, cash aid is provided to students who demonstrate exceptional need. To qualify for grant funding, students must register for classes, live and / or online, during the fall 2021 semester.

A number of community colleges have announced debt relief initiatives and results over the past few days, including Middlesex College, Bergen Community College, Hudson County Community College, Raritan Valley Community College and Salem Community College.

Contact Reporter Dino Flammia at dino.flammia@townsquaremedia.com

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